18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
This particular group (and its rival) wears it’s affiliation on its sleeve. They run in packs and occupy well known (for the street savvy at least) specific areas. They actually have the courtesy to openly advertise their nihilism. I appreciate that.
It’s the unrestricted mentally unbalanced individual operating under an alleged mandate from G-d (or Ayn Rand) that instills fear in me because they look indistinguishable from everyone else.
TN,
You are too funny with your bullishness on the dollar.
I thought for a minute it might make a run,
but the forces are not with it right now.
Will you ever go bearish on it?
Fly, The strong dollar, Weak Bond Yields, Run on Commodities, AAPL run…it is all connected. Since 2009 there has been a HUGE move to stockpile Commodities on a belief of massive inflation from the Global Markets throwing Money into the air….the biggest culprit of this is the Shanghai Copper Bubble…I have been watching this grow like a massive Tulip…I need to cheer for my little dollar cuz I need that piece in attempt to pop that bubble. The one great thing about all markets is bubbles pop, but learning why it does is the priceless lesson I am hoping to learn.
You have to remain objective to your thesis. Always. Another consideration with a thesis is you must consider that a thesis is not independent of time. One can have a correct thesis, but be awful in his timing and this will cost you dearly.
Always make a trade PROVE to you that your thesis is right by moving in the right direction. Keep your risk margins tight, but not too tight. I cringe when I read that some of you have let a trade go wide against them and then are back to even. CUT YOUR LOSSES and do not be afraid to put on the position again if you believe the thesis is still correct. Price is irrelevant! Most new traders will not enter a trade after getting stopped cutting their losses. Once they see that a trade has passed their original price, they stay on the sidelines and watch it move on without them!
Do not focus on the money, focus on your risk management and you will make money hand over fist. Take care of the downside and the upside will take care of itself.
Thanks. Quite an interesting article. I wouldn’t say the guy is necessarily paranoid, though he might be. He may have realistic reasons to be secretive. E. g. any well-connected highly successful trader could possibly owe some of his successes to insider information– which is a criminal offense that could land him in jail, if anyone found out. Who knows whether or not that is the case with this guy? But there are plenty of highly successful folks who have various kinds of skeletons in the closet that they are keeping hidden.
I don’t know about that. He posted a blog about two weeks ago or more inside the PPT.
You must be a really smart guy because I have a difficult time understanding you 🙂
i read that as soon as he posted it. alas,, i have been nudging the gf to buy since it was 800. i dont care what the dollar does anymore,it’s moves are all B.S. and you know who doesnt care about the dx any more,da brics, they have made up their minds,it’s just a matter of time. you want to get 10 mill back to work again,T BONE PICKENS plan, this country is being run by mallaprops of the highest order. in my entire life, i have not been more discouraged about everything in this country. i cant wait for the day of reckoning………..
Having worked in the DA’s office, some of the best desserts were made by convicted felons. Next time you see your landscape company, smile, hear no evil, see no evil.
Whole lotta month end window dressing if you ask me.
Not reading too much into the past few sessions. QE2 day is a month away and POMO ends June 10th I believe. That’s when things will really get interesting
For those of you who want to improve the American economy by revolution, here’s a great blog, just started yesterday by a guy who has been a financial writer for some time.
Warning; The guy hates both major political parties, having in the past voted for, and been totally disappointed by, both of them. So if you love one of the 2 major parties and believe that its politicians do a great job when in office, you won’t like the blog.
bear BBQ this weekend. smoked no doubt.
LOL – It’s hard to believe that video is from America. Looks like a nice neighborhood.
thats not amerika thats africa…. oh wait
That’s my peeps, yo.
throw it up
only if ya blood
vish, as in blackrock?
if so, rolfsoflsofsfsol in my waffles.
I called this one showing plebs the future and what did I get in return, overwhelming thumbs down.
In fact because of the bell curve (IQ), when I received so many negative responses I knew I was right.
Have the guts to stand alone, hope you bought the SPY calls to rally into the three day weekend.
Don’t think of it as a negative response, think of it as people calling you a cock gobbler.
This from an individual wearing what appears to be a dress?
Seppaku on you.
lol – gobble gobble
You are obsessed, so you must know the answer to this question:
http://www.youtube.com/watch?v=LZ0epRjfGLw
Dude, that video scared me straight. Thats some scary shit, you never know what nutjob your walking next to on the streets.
Don’t make a wrong left turn down that street!
This particular group (and its rival) wears it’s affiliation on its sleeve. They run in packs and occupy well known (for the street savvy at least) specific areas. They actually have the courtesy to openly advertise their nihilism. I appreciate that.
It’s the unrestricted mentally unbalanced individual operating under an alleged mandate from G-d (or Ayn Rand) that instills fear in me because they look indistinguishable from everyone else.
… Or Karl Marx/Reverend Wright/Head of the SEIU, etc?
_______
I’ll just keep an eye out for the bright red clown suit and walk the other way.
LOL. are they rejoicing death of US Dollar?
My WNR is heavy like an ANVil.
I just did that through my office while pounding a 40 of OE and smoking on a dutch.
Get some Swishas.
Hope you poured out a little bit from the 40 before pounding the rest. Respect.
My WNR has come full circle
Fuck yeah!
i hear ya, i just broke above b/e point from 17.15….full circle indued.
Known at the Blood Walk as circle jerk.
sure it wasnt that song “cool jerk”?
I’m truly disappointed that video is only available in proletariat 360p
🙁
Paddles! I am still breathing..”my.Little dollar” use everything to hold 75 support, ignore the Clam it has no more power.
TN,
You are too funny with your bullishness on the dollar.
I thought for a minute it might make a run,
but the forces are not with it right now.
Will you ever go bearish on it?
Does a bear poop in the woods? Is the pope Catholic?
Why ask such silly questions?
Fly, The strong dollar, Weak Bond Yields, Run on Commodities, AAPL run…it is all connected. Since 2009 there has been a HUGE move to stockpile Commodities on a belief of massive inflation from the Global Markets throwing Money into the air….the biggest culprit of this is the Shanghai Copper Bubble…I have been watching this grow like a massive Tulip…I need to cheer for my little dollar cuz I need that piece in attempt to pop that bubble. The one great thing about all markets is bubbles pop, but learning why it does is the priceless lesson I am hoping to learn.
Bearish on the dollar, maybe when Copper Spot hits under 2.00…which will be so nice.
never gonna happen honey
Hopefully the economy is never that bad.
I admire the fact that you i) have a thesis and ii) trade the thesis. However, not sure how you manage to hold on to the thesis for so long.
and isnt that the most important part of the thesis??? the “holding”? anyone can just HAVE a thesis…seinfeld
You have to remain objective to your thesis. Always. Another consideration with a thesis is you must consider that a thesis is not independent of time. One can have a correct thesis, but be awful in his timing and this will cost you dearly.
Always make a trade PROVE to you that your thesis is right by moving in the right direction. Keep your risk margins tight, but not too tight. I cringe when I read that some of you have let a trade go wide against them and then are back to even. CUT YOUR LOSSES and do not be afraid to put on the position again if you believe the thesis is still correct. Price is irrelevant! Most new traders will not enter a trade after getting stopped cutting their losses. Once they see that a trade has passed their original price, they stay on the sidelines and watch it move on without them!
Do not focus on the money, focus on your risk management and you will make money hand over fist. Take care of the downside and the upside will take care of itself.
Read this over the weekend:
http://nymag.com/nymetro/news/people/features/12353/index3.html
A great cover on Bruce Kovner, and some EXCELLENT advice on trading.
Thanks. Quite an interesting article. I wouldn’t say the guy is necessarily paranoid, though he might be. He may have realistic reasons to be secretive. E. g. any well-connected highly successful trader could possibly owe some of his successes to insider information– which is a criminal offense that could land him in jail, if anyone found out. Who knows whether or not that is the case with this guy? But there are plenty of highly successful folks who have various kinds of skeletons in the closet that they are keeping hidden.
Plus, there’s all those envious commie types that want to key his car…
______
No support at 75.
_____
Markets are done for the day. Traders are taking the rest of the day off ahead of the long weekend. Expect flat to the close.
Time to head off and enjoy an extra long holiday weekend.
Dunno if we’ll break the upper S&P downtrend line though. Maybe an inside day Tuesday.
WNR WNR Chicken Dinner!
I hedged everything too early.
That’s the Clam Dance
G’s up Hoes down.
Are you kidding me? No one has said it yet?
The Fly Is God
and so is Alphadawg with his call on GOLD.
Thank you men!
come on now v,alpha dog IS god,mmmmuuuuuwwwwaaaaaaaaaaaahhhhhhh.i’m tellin ju
I just hope Alpha gets credit if it’s due, and that he didn’t steal my idea via mio Pistachio Gallery [sic] post.
I don’t know about that. He posted a blog about two weeks ago or more inside the PPT.
You must be a really smart guy because I have a difficult time understanding you 🙂
i read that as soon as he posted it. alas,, i have been nudging the gf to buy since it was 800. i dont care what the dollar does anymore,it’s moves are all B.S. and you know who doesnt care about the dx any more,da brics, they have made up their minds,it’s just a matter of time. you want to get 10 mill back to work again,T BONE PICKENS plan, this country is being run by mallaprops of the highest order. in my entire life, i have not been more discouraged about everything in this country. i cant wait for the day of reckoning………..
You can skip my comments. I couldn’t care less. You’re welcome to ride the coat tails of my usually sound trades. Cheer up.
Was that a meeting of the Board of Directors for BORN?
any adverse news on ATPG?
yes, the short float is still 50% and they’re trying to beat the stock down
Nice video of future prisoners… no hope for them.
Do the Crips have anything out like that?
Yes, I was going to post it if the rally faded http://www.google.com/search?sourceid=navclient&aq=2h&oq=&ie=UTF-8&rlz=1T4ACEW_en___US362&q=crips+videos+nationwide+rip+ridaz
Nymph certainly knows her copper and L.A colors. What’s the spot price in Compton?
$3.55 a pound.
Cheap!
It is…but don’t ask where it comes from..lol…have a great weekend.
Crenshaw where it at.
Having worked in the DA’s office, some of the best desserts were made by convicted felons. Next time you see your landscape company, smile, hear no evil, see no evil.
bought $TZA for next week
Whole lotta month end window dressing if you ask me.
Not reading too much into the past few sessions. QE2 day is a month away and POMO ends June 10th I believe. That’s when things will really get interesting
June 10 is when the new schedule comes out…
Will that be the last schedule?
Cheers,
Chuck
QE is toast by June 10th if you do the math on the $600 billion. They will need to find additional funds in order to continue.
Bring back Merlin…
“Poof! There goes your bullshit rally.”
the long weekend friday afternoon sell off haha $tza!
For those of you who want to improve the American economy by revolution, here’s a great blog, just started yesterday by a guy who has been a financial writer for some time.
Warning; The guy hates both major political parties, having in the past voted for, and been totally disappointed by, both of them. So if you love one of the 2 major parties and believe that its politicians do a great job when in office, you won’t like the blog.
http://americansresistance.blogspot.com/
It’s easy to be opposed to all kinds of things without having a viable alternative.
Just checked this and the blog seems to be gone for now. Hopefully it will be back up later.
Is there an ice cream truck big enough?
http://www.youtube.com/watch?v=r58_bRZLeLw
That was sooo last year…(was posted here)…still funny though
But did you see this one?
http://www.youtube.com/watch?v=log70DRrH0A&feature=channel_video_title
I can’t stop watching this one, the Bernank is certainly “laying that murder game down” on short sellers.
http://www.youtube.com/watch?v=2unX8RenrJs&feature=youtube_gdata_player
LOL… what’s Mr. Creosote got in his hands on the cover page for this post? The cremains of Nassim Nicholas Taleb?
____________
I can’t believe they copied they copied this vid http://www.youtube.com/watch?v=Ep9zzBz3lTk
You’ll have all the IBC’rs on a hit list keep posting that shit…..lol…
Those guys come to this neighborhood and there gonna be drama:
http://www.youtube.com/watch?v=_H0fy73jQaI